Turkmenistan economic development and discussion

[Yıldırım]

Volumes of freight traffic via Caspian port of Turkmenbashi growing

Volumes of freight traffic through the Turkmenbashi International Seaport in Turkmenistan are growing, Trend reports referring to the "Neutral Turkmenistan" newspaper.

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Volumes of freight traffic through the Turkmenbashi International Seaport in Turkmenistan are growing, Trend reports referring to the "Neutral Turkmenistan" newspaper.


Ships delivering construction materials from Iran are unloaded at the port berths, and the Kazakh wheat is being loaded onto Iranian cargo ships.


The port provides transshipment of goods arriving for Afghanistan and in the opposite direction - to Azerbaijan and Turkey. Containers from Spain, intended for consignees in Uzbekistan, are unloaded. Shipment of construction materials, metal and wood from Turkey and Russia is provided.


Urea produced in Turkmenistan’s Garabogaz city, polyethylene and polypropylene from the polymer plant in Kiyanly settlement, petroleum coke from the oil refining plant in the city of Turkmenbashi are sent regularly from the seaport to Turkey, Russia, Bulgaria, Romania and other countries. The flow of passengers and vehicles transported to the Caspian ports by Ro-Pax Berkarar and Bagtyyar ferries increased significantly.


The updated transport and logistics hub in Turkmenbashi city is designed to provide a qualitatively new level of economic and trade cooperation between the countries of Asia and Europe, to give a strong impetus to interregional relations, optimize transport flows in the Eurasian space, the report said.


The solemn ceremony of opening of this port took place on May 2, 2018. The project was developed in accordance with the international "Greenport" standard.


The annual capacity of the port will be 17-18 million tons.


The international ferry and passenger port will be able to serve 300,000 passengers and 75,000 trailers a year. The container terminal has an average annual capacity of 400,000 TEU (twenty-foot equivalent units). The cost of the project implemented by Gap Insaat Company (Turkey) is more than $1.5 billion.

 

[Yıldırım]

Turkmenistan and Kuwait to create intergovernmental group on trade and economic cooperation - ORIENT: NEWS AGENCY

Turkmenistan and Kuwait will create a joint intergovernmental group on trade and economic cooperation. This issue was discussed during the meeting of Rashid Meredov, Minister of Foreign Affairs of Turkmenistan, with Majdi Ahmed Al-Dhafiri, Ambassador Extraordinary and Plenipotentiary of the...

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Turkmenistan and Kuwait will create a joint intergovernmental group on trade and economic cooperation. This issue was discussed during the meeting of Rashid Meredov, Minister of Foreign Affairs of Turkmenistan, with Majdi Ahmed Al-Dhafiri, Ambassador Extraordinary and Plenipotentiary of the State of Kuwait in Turkmenistan, the website of the Turkmen Foreign Ministry reports.


Transit and transport possibilities of the Central Asia-Middle East transport corridor were another important topic of meeting. The parties agreed to oganize bilateral business meetings on use of the capabilities of this corridor, which opens up the possibility to enter new markets not only for the project countries, but also for their neighbors.


On March 2018, Turkmen leader Gurbanguly Berdimuhamedov and the Emir of the State of Kuwait, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah held talks in Kuwait. Trade and economic relations were one of the topic issues during the talks. The sides noted the appropriateness of the foundation of Turkmen – Kuwaiti Working Committee for Energy Industry. Presence of the conditions for the development of transport and communication systems, which potential merging is able to be another priority direction of efficient cooperation has been mentioned.

 

[Yıldırım]

Turkmen gas can supply Nord Stream 2gas pipeline - Les Echos - ORIENT: NEWS AGENCY

The fate of Nord Stream 2 gas pipeline that will link Russia to Germany via Baltic waters is still under disputes. According to French Les Echos, this pipeline, in fact, continues to generate strong tensions between the West and Russia. Brussels is afraid of increasing Europe’s energy dependence...

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The fate of Nord Stream 2 gas pipeline that will link Russia to Germany via Baltic waters is still under disputes. According to French Les Echos, this pipeline, in fact, continues to generate strong tensions between the West and Russia.


Brussels is afraid of increasing Europe’s energy dependence on Moscow. This year, in fact, Russia will cover 36% of gas consumption in the European Union. With a capacity of 55 billion m3, Nord Stream 2 will have to help cover growing needs of Europe.


This situation also worries the United States, who believe that Europe is becoming more dependent on Russian energy resources. Threatening, the United States is talking about making the Nord Stream 2 the target of their new sanctions against, which makes major European partners of Gazprom to be silent. Any compromise on Nord Stream 2 must also crystallize on the future of Ukrainian transit to deliver Russian gas to Europe through Ukraine.


The compromise is possible thanks to Turkmen gas, writes the French edition. According to Les Echos, since its huge gas reserves, Turkmenistan could indeed increase its sales to Gazprom, via pipelines in Russia and Ukraine, to feed Europe.


“Thus, through its pipes in the Baltic, Gazprom will deliver Russian gas. However, thanks to Turkmen gas, Ukrainian transit would continue. Everyone would come out winner”, Les Echos reports referring to a source who close to Nord Stream 2 negotiations.


As they say, any new thing is well-forgotten old one. Until 2006, Turkmenistan supplied natural gas to Ukraine via Russian gas pipeline system. Therefore, the renewal of such a scheme of cooperation in energy sector will not require any significant costs and efforts. The main thing that is needed for this is the good will of the parties involved in the current situation, and constructive negotiations. As to Turkmenistan, Ashgabat has repeatedly stated that is ready for negotiations in any format. The key Turkmen condition is mutual benefit.

 

[Yıldırım]

Turkmenistan launches greenhouse complex, plastic pipe plant [PHOTO]

A greenhouse complex for growing vegetables was commissioned in Mary province of Turkmenistan.

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A greenhouse complex for growing vegetables was commissioned in Mary province of Turkmenistan.

According to Turkmen media, the facility covers an area of 8 hectares and is designed to supply 500 tons of products to consumers annually. In the greenhouse, systems for maintaining temperature and light, humidity and saturation of the soil with nutrients are automated.

A feature of the complex is that an apiary is located on its territory, the bees will be used for pollination of agricultural crops.

At the same time, the opening ceremony of an enterprise for the production of plastic bags and polypropylene pipes took place in the city of Bayramali, Mary province. Its technological line is designed to produce 1,800 tons of film and 257 tons of water pipes with a diameter of 20-60 mm.

Raw materials for the enterprise come from a polymer plant in the village of Kiyanly and from the Turkmenbashi complex of oil refineries.

The specifics of the Turkmen economy are determined by several factors.

First, it is the presence of large reserves of natural resources. Secondly, the country has a closed type of economy: foreign investors are allowed only in difficult for mining deposits. Thirdly, Turkmenistan is geographically closed: it has no access to the sea and it is difficult to promote Turkmen hydrocarbons on the world market.

The main industries are the extraction and processing of natural gas and oil, electricity, the textile industry and construction.

According to the program of development of the Turkmen oil and gas industry for the period up to 2030, it is planned to increase oil production to 20 million tons by 2030 and natural gas production to 250 billion cubic meters per year.

A feature of the modern period of industrial development has been the accelerated growth of the processing industries: chemistry, petrochemistry, mechanical engineering and metalworking, light and food industries.

In addition to oil and gas, Turkmenistan has significant reserves of sulfur, iodine, bromine, mirabilite, lead, and various raw materials for the building and finishing industry.

In agriculture, the strategic sectors are cotton growing and grain growing.

Livestock is represented mainly by horse, sheep and camel breeding, cattle production is less developed.

 

[Yıldırım]

Azerbaijan, Turkmenistan may lay fiber-optic cable across Caspian

Azerbaijan and Turkmenistan may lay the Siyazan-Turkmenbashi fiber-optic cable line through the Caspian Sea

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Azerbaijan and Turkmenistan may lay the Siyazan-Turkmenbashi fiber-optic cable line through the Caspian Sea, Trend reports referring to the Azerbaijani Ministry of Transport, Communications and High Technologies on Jan. 10.

This issue was discussed at a trilateral meeting in Baku between representatives of the corresponding ministries of Azerbaijan, Afghanistan and Turkmenistan.

Among the representatives were Azerbaijani Minister of Transport, Communications and Information Technologies Ramin Guluzade, Afghan Minister of Communications and Information Technologies Shahzad Gul Aryobee, Afghan Finance Minister Mohammad Humayun Qayumi, Director General of Turkmenistan’s Ashgabat City Telephone Network Yusup Kerimov, Deputy Director General of Turkmentelecom Durdeli Ataev and Ambassador of Afghanistan to Azerbaijan Khairullah Spelenai.



The meeting participants also discussed providing Afghanistan with internet through Turkmenistan. For this purpose, a decision was made to create a working group consisting of experts from the three countries.

 

[Yıldırım]

Eni to further increase production optimization activity in Turkmenistan

Italy’s Eni company has spent around $2 billion for operations in Burun Field, Nebit Dag Area in Turkmenistan, the company told Trend.

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Italy’s Eni company has spent around $2 billion for operations in Burun Field, Nebit Dag Area in Turkmenistan, the company told Trend.

Main activity has been focusing on production optimization, with a massive number of wells drilled and worked over, according to the company.

The Italian company said that the extremely complex field structure (multilayer and block compartmentalization) calls for a sophisticated geo-seismic reconstruction and an important number of wells, and recompletion of the same.

Step-outs to peripheral areas has implied the discovery of yet undrained oil bearing blocks, after several years from production start-up, according to Eni.

The company said that water injection and artificial lifting have been implemented as well, allowing for production maximization.



Eni said it is planning to increase further the production optimization activity in 2019, by adding a new drilling rig.

Eni started its activities in Turkmenistan with the purchase of the British company Burren Energy plc in 2008. Activities are focused on the onshore Nebit Dag Area in the Western part of the country, over a developed acreage of 200 square kilometers (180 square kilometers net to Eni), in four areas.

Production derives mainly from the Burun oil field. Oil production is shipped to the Turkmenbashi refinery plant.

Eni receives, by means of a swap arrangement with the Turkmen Authorities, an equivalent amount of oil at the Okarem terminal, close to the South coast of the Caspian Sea. Eni’s entitlement is sold FOB.

Associated natural gas is used for gas lift system. The remaining amount is delivered to the national oil company Turkmenneft, via national grid.

 

[Yıldırım]

Turkmenistan eyes to export electricity to Pakistan

Turkmenistan's Minister of Energy Charymyrat Purchekov presented the report on the implementation of the project for the construction of the Turkmenistan-Afghanistan-Pakistan power transmission line to Turkmen President Gurbanguly Berdimuhamedov, Trend reports referring to the ‘Turkmenistan’ TV...

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Turkmenistan's Minister of Energy Charymyrat Purchekov presented the report on the implementation of the project for the construction of the Turkmenistan-Afghanistan-Pakistan power transmission line to Turkmen President Gurbanguly Berdimuhamedov, Trend reports referring to the ‘Turkmenistan’ TV channel.

In his report Purchekov said that the construction is being carried out according to the plan.

While addressing the minister via a video-conference, President Berdimuhamedov ordered to keep under strict control the terms and quality of the conducted work.



The president stressed that the implementation of this project will further increase the export of Turkmen electricity, primarily to Afghanistan, where new jobs will be created as a result of the formation of the corresponding infrastructure.

Earlier, a memorandum of understanding on cooperation in the implementation of this project was signed with Turkish Calik Holding A.S. to develop a legal basis for regional partnership for the construction of a 500-kilovolt transmission line along the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.

At the same time, an agreement on the Turkmenistan-Afghanistan-Pakistan power transmission line was signed between the governments of the countries participating in the project.

Previously it was reported that the total volume of electricity generated in Turkmenistan by 2024 is planned to increase up to 33 billion kilowatt-hours, which is 27.2 percent more compared to the plans for 2018. Turkmenistan sells electricity to Afghanistan and Iran.

 

[Yıldırım]

Italian company to supply drilling equipment to Turkmenistan

Italian company ProBusiness S.R.L. will deliver 2,424 tons of various drill pipes required for drilling and repair work at oil and gas fields to the Turkmennebit State Concern, Trend reports with reference to the state concern.

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Italian company ProBusiness S.R.L. will deliver 2,424 tons of various drill pipes required for drilling and repair work at oil and gas fields to the Turkmennebit State Concern, Trend reports with reference to the state concern.

It is expected that the funding will be partially ensured at the expense of the Turkmenbashi Complex of Oil Refineries.

Turkmennebit State Concern developed a plan of geological and technical measures until 2024. The state concern operates about 30 fields, including more than 600 oil and gas deposits at various stages of development.

In accordance with the plan, new fields – "Northern Goturdepe", "Altyguyy", "Uzynada" are being actively developed, modern methods for increasing oil recovery of productive deposits at the fields in long-term operation are being widely implemented, and the advanced technologies in the field of well workover are being applied.

The volumes of drilling, as well as the scale of construction of exploration and production wells have been considerably increased. Particular attention has been paid to the study of deep-lying structures.

The implementation of projects for the accelerated industrial development of promising fields in the Turkmen sector and the coastal zone of the Caspian Sea, in the Amu Darya basin and in the Central Karakum desert continues.

 

[Jaeger]

it seems all Turkmenistan is focusing on for export, boosting their economy is oil and gas. is there really any diversification they are doing or is it all based on oil-related industries?

even Azerbaijan is reducing a lot on their oil, and increasing economic trade by exporting fruits/vegetables, dairy products, manufacturing cars etc. is Turkmenistan even doing any of this?

 

[Yıldırım]

Afghanistan, UAE buy liquefied gas in Turkmenistan

Last week, 34 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan, Trend reports referring to the message of the exchange.

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Last week, 34 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan, Trend reports referring to the message of the exchange.

Businessmen from the UAE and Afghanistan bought liquefied gas, while businessmen from Russia and Tajikistan purchased high-density polyethylene and polypropylene.

In addition, colorless sheet glass, cotton yarn, Portland cement and motor transport were sold to businessmen from Russia, the UK, the UAE, Estonia, Afghanistan, Kyrgyzstan, Uzbekistan.



The total amount of transactions was around $16.248 million.

Companies and organizations of all forms of ownership, citizens of Turkmenistan and other countries can participate in exchange trades by acquiring a brokerage site or concluding a service contract with stock brokers.

The main export items are petroleum products, cotton fiber, products of the domestic textile industry, chemical industry.

 

[Yıldırım]

it seems all Turkmenistan is focusing on for export, boosting their economy is oil and gas. is there really any diversification they are doing or is it all based on oil-related industries?

even Azerbaijan is reducing a lot on their oil, and increasing economic trade by exporting fruits/vegetables, dairy products, manufacturing cars etc. is Turkmenistan even doing any of this?

The Turkmens rely heavily on oil and gas sells, as well petrochemicals such as plastic, as well as selling textiles. they are also expanding, developing to increase more foreign tourism as well and are expanding to sell electricity to Afghanistan, Iran and Pakistan this year.

 

[UAE]

it seems all Turkmenistan is focusing on for export, boosting their economy is oil and gas. is there really any diversification they are doing or is it all based on oil-related industries?

even Azerbaijan is reducing a lot on their oil, and increasing economic trade by exporting fruits/vegetables, dairy products, manufacturing cars etc. is Turkmenistan even doing any of this?

That would be hard to do considering the competitive market.

 

[Yıldırım]

Turkmenistan, Germany expanding partnership in agricultural sector

The Turkmen-German business forum is being held in Berlin on February 12-13, Trend reports referring to a source in the Union of Industrialists and Entrepreneurs of Turkmenistan.

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The Turkmen-German business forum is being held in Berlin on February 12-13, Trend reports referring to a source in the Union of Industrialists and Entrepreneurs of Turkmenistan.

The memorandums of mutual cooperation in the supply of agricultural equipment, the rational use of land and water resources, the training of specialists in the water sector and in other areas are planned to be signed on the sidelines of the event.



The purchase of agricultural equipment and the exchange of best practices between specialists of the Turkmen and German corresponding structures are designed to promote the further development of the domestic agro-industrial complex.

Cotton and wheat are strategic agricultural crops. The German companies make a significant contribution to the implementation of long-term projects in Turkmenistan. Among them are such companies as Siemens, Daimler, Claas, Dresser-Rand.

 

[Yıldırım]

Turkmenistan interested in co-op with German oil and gas companies

The Turkmen-German business forum was held in Berlin, Trend reports referring to the Watan newspaper.

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The Turkmen-German business forum was held in Berlin, Trend reports referring to the Watan newspaper.

The event was devoted to the investment opportunities in the fuel and energy complex and the chemical industry of Turkmenistan.



Such projects as the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline and the construction of natural gas processing plants open up great opportunities for German companies producing equipment for the oil and gas industry.

Representatives of the German Foreign Ministry, the Federal Ministry for Economic Affairs and Energy, the German Chamber of Commerce and Industry and about 70 companies took part in the business forum.

 

[Yıldırım]

Lufthansa supports Turkmenistan Airlines to access compliance to Air Safety Standards

Turkmenistan Airlines (Tukmenhowayollary), the flag carrier of its country, has commissioned Lufthansa Consulting to help them to raise their performance in terms of the Third Country Operators (TCO) EU Safety Authorizations for foreign air operators – EASA (European Union Aviation Safety...

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Turkmenistan Airlines (Tukmenhowayollary), the flag carrier of its country, has commissioned Lufthansa Consulting to help them to raise their performance in terms of the Third Country Operators (TCO) EU Safety Authorizations for foreign air operators – EASA (European Union Aviation Safety Agency) TCO, Trend reports via PRNewswire.

The airline recently experienced difficulties in satisfying relevant EASA requirements and is taking matters in this regard very seriously. The operator is aware of the need for immediate action and has therefore decided to cooperate with the German aviation experts to review the existing situation and develop a corrective action plan.

Lufthansa Consulting has extensive experience and competence in the aviation industry, not least with the issues of flight safety. In this project, the consultants will evaluate the current status within the airline towards EASA requirements.

Furthermore, they will develop an overall customized and effective action scheme in line with the analyzed EASA TCO requirements and findings.

Turkmenistan Airlines is the flag carrier of Turkmenistan, headquartered in the country's capital Ashgabat. It operates domestic and international passenger and cargo services mainly from its hub at Ashgabat International Airport.



The airline transports more than 5,000 passengers daily within the country and nearly three million passengers annually on the international and domestic routes together. The fleet consists of modern Western aircraft (such as Boeing 737, 757, 777) and a cargo fleet of IL 76.

Early in February, EASA suspended the flights of Turkmenistan Airlines to the EU pending confirmation of compliance with international flight safety standards.

Earlier it was reported that Turkmenistan Airlines carry out regular flights to the airports of Moscow, London, Frankfurt, Birmingham, Bangkok, Delhi, Dubai, Amritsar, Minsk, Almaty, St. Petersburg, Kazan, Kiev, Istanbul, Beijing.

The modernization of the air fleet will allow launching flights from Ashgabat to Jeddah, Medina (Saudi Arabia), Cochin, Ahmedabad (India), Samara (Russia), Hanoi (Vietnam), Vienna (Austria), Sofia (Bulgaria), Budapest (Hungary), Manama (Bahrain), New York (US), Toronto (Canada) till 2020.

The flights are planned to be launched to Madrid (Spain), Jakarta (Indonesia), Muscat (Oman), Kuwait (Kuwait), Singapore (Singapore), Sharm El Sheikh, Hurghada, Cairo (Egypt) in 2021-2030.